Par Technology, the Technology sector company, was revisited by a Wall Street analyst today. Analyst Mayank Tandon from Needham reiterated a Buy rating on the stock and has a $55.00 price target.
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Mayank Tandon has given his Buy rating due to a combination of factors that he believes position PAR Technology for outperformance in 2026. He highlights the company as Needham’s top pick for that year, pointing to increasing opportunities with large, Tier-1 restaurant and retail chains, as well as the expected timing of new system deployments that should support stronger growth. Tandon also emphasizes that PAR’s strategy of offering multiple integrated products is helping it both win new global enterprise customers and deepen relationships with existing ones through broader solution adoption.
He anticipates that these drivers could push annual recurring revenue growth back above 20% by early fiscal 2026, marking a re-acceleration from current levels. At the same time, he notes ongoing improvements in profitability, with margins expected to continue trending higher. When combined with the current valuation—trading at around 3.5x his FY26 revenue estimate—Tandon views the shares as attractively priced relative to their growth and margin potential. As a result, he sees a favorable risk-reward setup and reiterates a Buy rating with a $55 price target.